The pace of growth in Australian broadacre farmland prices is moderating across most farmland types, according to the latest ABARES data.
ABARES’ Farmland Price Indicator March 2026 update shows the average price per hectare of broadacre farmland has grown at an average annual rate of 9.8% over the last decade.
ABARES Executive Director Dr Jared Greenville said prices have increased in 2025 but more gradually across most farmland types.
“Slower growth in farmland prices observed over the last few years has been seen across most farmland types, potentially supporting opportunities for expansion or entry into the sector,” Dr Greenville said.
“However, the high baseline of farmland prices also has the effect of extending equity and incentivising capital investment.”
While price growth has slowed across most farmland types, there has been variation across Australia.
“Broadacre farmland price growth in Tasmania and Victoria remains above the national average for the past decade, with average annual growth rates of 14.5% and 13.3% respectively,” Dr Greenville said.
Try the ABARES Farmland Price Indicator dashboard here: www.agriculture.gov.au/abares/data/farmland-price-indicator
